Assessment Type 2: Economic project (30%)

Students undertake one individual economic project.

Students conduct an in-depth analysis of an economic question or issue. Students collect quantitative and qualitative data related to their question or issue and analyse it using relevant economic concepts, principles and models. Information can be collected from a variety of sources such as statistics, graphs, journals, newspapers, official reports, case studies, film, cartoons, and articles. Students make well-reasoned recommendations for relevant stakeholders and explain the rationale for their decisions.

Student evidence may be presented in written, oral, or multimodal form. In whichever form, the economic project should enable students to:

• apply economic concepts, principles, and models
• analyse a range of data and other information using economic concepts, principles, and models
• analyse and evaluate the intended and unintended consequences of economic decisions
• communicate reasoned arguments and evidence-based recommendations using appropriate terminology.

The economic project should be a maximum of 2000 words if written, or the equivalent in oral or multimodal form, where 6 minutes is equivalent to 1000 words.

For this assessment type, students provide evidence of their learning in relation to the following assessment design criteria:

• application
• analysis and evaluation.